Description of Severance Benefits for Executives in Non-Change of Control Circumstances (CIGNA)
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Summary
This document outlines the severance benefits available to CIGNA executive employees whose employment ends due to job elimination or other reasons not related to a change of control. The CEO, or the People Resources Committee for senior executives, has discretion over the amount of severance provided. Factors considered include the executive's length of service, total compensation target, and post-employment career plans.
EX-10.10 7 c96757exv10w10.htm EXHIBIT 10.10 Exhibit 10.10
Exhibit 10.10
Description of Severance Benefits for Executives in
Non-Change of Control Circumstances
Non-Change of Control Circumstances
Severance benefits may be provided to executive level employees whose employment is terminated because of job elimination or any other reason. The amount of these benefits is subject to the discretion of the CEO (and, in the case of senior executives, the People Resources Committee). The following factors are typically considered in the exercise of such discretion: length of service; the executive’s total compensation target and the executive’s career plans following termination of employment with CIGNA.
